Hong Kong SAR, China: Paper Tablecloths Market 2024

Paper Tablecloths Market Size in Hong Kong SAR, China

After two years of decline, the Hong Kong paper tablecloths market increased by 3.7% to $X in 2021. Over the period under review, consumption recorded a pronounced increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Paper Tablecloths Production in Hong Kong SAR, China

In value terms, paper tablecloths production reached $X in 2021 estimated in export price. Overall, production recorded a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 161% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Paper Tablecloths Exports

Exports from Hong Kong SAR, China

Paper tablecloths exports from Hong Kong SAR soared to X tons in 2021, increasing by 76% compared with 2020. Overall, exports, however, showed a noticeable descent. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, paper tablecloths exports skyrocketed to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 47% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Macao SAR (X tons) was the main destination for paper tablecloths exports from Hong Kong SAR, accounting for a 71% share of total exports. Moreover, paper tablecloths exports to Macao SAR exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold. China (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Macao SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (0.0% per year) and China (-14.8% per year).

In value terms, Macao SAR ($X) remains the key foreign market for paper tablecloths and serviettes exports from Hong Kong SAR, comprising 85% of total exports. The second position in the ranking was held by the United States ($X), with a 5.8% share of total exports. It was followed by Malaysia, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Macao SAR totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.0% per year) and Malaysia (0.0% per year).

Export Prices by Country

In 2021, the average paper tablecloths export price amounted to $X per ton, falling by -24.7% against the previous year. Overall, the export price, however, posted a temperate expansion. The growth pace was the most rapid in 2020 when the average export price increased by 36% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Tablecloths Imports

Imports into Hong Kong SAR, China

After two years of decline, overseas purchases of paper tablecloths and serviettes increased by 10% to X tons in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, paper tablecloths imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Vietnam (X tons) and the United States (X tons) were the main suppliers of paper tablecloths imports to Hong Kong SAR, together accounting for 90% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +103.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Vietnam ($X) were the largest paper tablecloths suppliers to Hong Kong SAR, together accounting for 80% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +118.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average paper tablecloths import price amounted to $X per ton, surging by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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